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China Memory-Chip Maker CXMT Clears Shanghai Listing Review
China's company CXMT is rapidly increasing its production of DRAM memory chips Due to this extra supply, experts now expect DRAM prices to fall in the second half of 2027, earlier than the previous prediction of 2028 or 2029. CXMT is producing DDR5 chips running at speeds up to 8,000 MT/s with capacities of 16Gb and 24Gb. They remain about one generation behind leading companies technologically. CXMT's business grew rapidly, with revenue jumping more than 700% in the first three months of 2026 compared to the prior year. The company expects 110 to 120 billion yuan in revenue for the first half of the year. Global DRAM production is expected to reach about 6 million wafers per month by late 2027. This increase should help address current shortages driven by high demand for AI and data centers.
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Just in: CXMT 1Q26 revenue: $7.46 billion CXMT 1Q26 net profit: $4.85 billion 1Q revenue increased 719.13% YoY.
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